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(Bicks.ca)
Crops

Smucker to shed Bick’s brand

Pickle brand, other Canadian condiments to go to TreeHouse

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U.S. food firm J.M. Smucker has a deal in place to sell off the Canadian pickle brand Bick’s and a portfolio of condiment brands it makes for the Canadian market. Ohio-based Smucker announced Oct. 17 it will sell the Bick’s brand plus the Habitant pickled beets, Woodman’s horseradish and McLarens pickled onions brands to Illinois […] Read more
(Bhofack2/iStock/Getty Images)
Crops, Markets

J.M. Smucker to buy Twinkies maker Hostess in US$5.6 billion deal

'Very surprised (anyone) is paying this amount'

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Reuters — J.M. Smucker on Monday agreed to buy Twinkies maker Hostess Brands for US$5.6 billion including debt in a deal that unites two major American snack makers. The deal was worth about $4.6 billion excluding debt, with Jif peanut butter maker Smucker paying Hostess shareholders $34.25 per share (all figures US$). The cash-and-stock offer […] Read more
(Bhofack2/iStock/Getty Images)
Crops

Cream of Wheat maker to buy Crisco line from Smucker

Shortening, cooking oil brand goes to B+G Foods

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The U.S. company behind the Crisco brand of cooking oils and shortenings is selling that product line to the maker of Cream of Wheat cereal and Green Giant vegetables. New Jersey-based B+G Foods announced Monday it will buy the Crisco product lines from Ohio-based J.M. Smucker for about US$550 million (C$725.1 million). The sale includes […] Read more
(Noel Hendrickson/DigitalVision/Getty Images)
Crops

Richardson to buy Wesson cooking oil brand

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A household name in U.S. cooking oils is set to become part of Canadian grain handler and oilseed processor Richardson International. Chicago-based Conagra Brands said Tuesday it will sell its Wesson oil brand and related assets — including a 280,000-square foot U.S. processing plant at Memphis — to Richardson for an undisclosed sum. Wesson-branded retail […] Read more
(Screengrab from RobinHood.ca)
Crops

Smucker seen considering sale for Robin Hood, other baking brands

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Reuters — J.M. Smucker is considering a sale of its baking brands, including Pillsbury and Robin Hood, Bloomberg reported on Thursday, citing people familiar with the matter. The unit could fetch as much as US$700 million (C$902.4 million), Bloomberg reported, citing one of the sources. A final decision to pursue a sale has not been […] Read more
(JMSmucker.com)
Crops

Smucker drops bid to buy Wesson Oil after U.S. objects

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Washington | Reuters — J.M. Smucker Co. said on Tuesday it will abandon its plan to acquire Conagra Brands’ Wesson Oil brand after the U.S. Federal Trade Commission had moved to block the deal arguing it would likely lessen competition and violate anti-trust law. Mark Smucker, CEO of J.M. Smucker, said “it is not in […] Read more
(ConAgraFoods.com)
Crops

Conagra to sell Wesson oil brand to Smucker

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Reuters — Packaged food maker Conagra Brands said on Tuesday it would sell its Wesson cooking oil brand to Folgers coffee maker J.M. Smucker Co. for about US$285 million. Conagra will continue to manufacture products sold under the Wesson brand for up to one year following the close, after which Wesson will be merged into […] Read more
(Screengrab from RobinHood.ca)
Crops

Robin Hood flour pulled in E. coli probe

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Federal health officials investigating over two dozen cases of E. coli poisoning across Canada are warning consumers to get rid of a certain batch of Robin Hood flour. The Canadian Food Inspection Agency (CFIA) on Tuesday issued a food recall warning for Robin Hood All-Purpose Flour, Original, distributed in British Columbia, Alberta, Saskatchewan, and Manitoba. […] Read more

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